Nuveen Minnesota Quality Municipal Income Fund: 10% owner Bank of America sold 20 shares

What happened

• Bank of America Corporation, as a 10% owner (with Banc of America Preferred Funding Corporation (BAPFC)), reported the disposal of 20 Adjustable Rate MuniFund Term Preferred Shares - Series 2028 (AMTP Shares). The Form 4 shows an "other acquisition or disposition (J)" on Oct 13, 2026; price and total value are not reported in Table I.
• Footnote F1 states the 20 AMTP Shares held by BAPFC were redeemed by the issuer on Oct 13, 2026 for the liquidation preference and accumulated but unpaid dividends.

Key details

• Transaction date and code: Oct 13, 2026; other acquisition or disposition (J).
• Price: not reported (N/A).
• Shares owned after the transaction: not separately reported in Table I; footnote indicates the 20 AMTP Shares held by BAPFC were redeemed and therefore were no longer held by BAPFC after Oct 13, 2026.
• Relevant footnotes:
  • F1: 20 AMTP Shares beneficially owned by BAPFC were redeemed by the issuer on Oct 13, 2026 for liquidation preference and accumulated but unpaid dividends.
  • F2: Statement is jointly filed by Bank of America Corporation and BAPFC; Bank of America held an indirect interest via its ownership of BAPFC.
  • F3: Reporting persons disclaim any inference of acting as a group under Section 13(d).
• Filing timeliness: not indicated on the Form 4.

Why it may matter

• The reported disposal reflects a redemption of preferred shares held by a wholly owned subsidiary, not a market sale by an executive.
• The filing identifies a 10% owner (large holder) rather than an officer or director.
• A filing does not show why the insider traded or why the company acted.